ZIP 85007
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12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 85007 is at its highest level since Zillow's records here began in December 2021.
Rent in ZIP 85007 changed +3.8% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($63,616) is $1,590 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,530); a 3-bedroom is $2,070.
13th cheapest of 43 ZIP codes in Phoenix.
ZIP 85015, 4 miles away, rents for 11% less ($1,220/mo), about $1,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85007. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 85007 (Phoenix, AZ) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 26.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85007 in Phoenix, AZ has changed in 5 years
Since 2022, the typical rent in ZIP 85007 in Phoenix, AZ has increased from $1,251 to $1,375, a 9.9% change over five years. Census figures show median household income at $63,616 today, compared with $43,716 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 4.2% since 2021, moving from about 14,169 residents to roughly 13,575. Renters now make up 54.2% of households, compared with 60.6% five years ago. College-educated residents now make up 26.4% of adults here, versus 23.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.
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Tips for renters in ZIP 85007
Last updated: October 17, 2026
ZIP code 85007 covers Phoenix, AZ. The median rent here is $1,375/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,530/mo.
At 26% of local median household income ($63,616/yr), ZIP 85007 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.
Frequently asked questions
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How does ZIP 85007 compare to other ZIPs in Arizona?
How does ZIP 85007 compare to the rest of Phoenix?
At $1,375/mo, rent takes ~26% of ZIP 85007's median household income ($63,616/yr). The standard benchmark is 30%.
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